Viksit Bharat Rozgar Yojana is India’s new nationwide job-creation push, launched on August 15, 2025, with a budget of ₹99,446 crore. Announced in the Prime Minister’s Independence Day address, the scheme targets 3.5 crore jobs in two years, lowers hiring costs for employers, and gives direct incentives to first-time EPFO employees—aiming to boost formal jobs and economic growth.
Govt unveils ₹99,446 crore job scheme
Under Viksit Bharat Rozgar Yojana, the government will support job creation through two tracks: incentives for first-time employees and hiring support for employers. The scheme is administered via EPFO and is aligned to the broader Employment-Linked Incentive (ELI) framework notified for rollout from August 1, 2025. This structure focuses especially on strengthening formal employment and manufacturing.
Aim to generate 3.5 crore jobs in 2 years
The government’s stated target is to enable over 3.5 crore employment opportunities within two years. Multiple briefings and explainer pieces confirm that the outlay—nearly ₹1 lakh crore—is designed to make formal hiring more attractive and stable, especially for youth entering private jobs for the first time.
Incentives for first-time EPFO employees
First-time employees who join an EPFO-registered establishment after 15 August 2025 and earn up to ₹1 lakh/month are eligible for up to ₹15,000, paid in two instalments—after 6 months and 12 months of continuous employment. The second instalment is linked to completing a financial literacy module, and a portion is routed to a designated savings account to build long-term habits. (Employees with lower EPF wages can receive proportionate benefits, per ELI documentation.
Employers to get up to ₹3,000 per hire
To reduce hiring costs and expand payrolls, employers can receive up to ₹3,000 per month per new eligible employee. Sector-specific durations may apply (with manufacturing often prioritized for longer support in ELI notes). The design encourages MSMEs, startups, and larger firms to formalize roles and retain talent.
Boost to formal jobs and economic growth
By combining direct worker incentives with employer hiring support, Viksit Bharat Rozgar Yojana nudges the labour market toward formal jobs, social security coverage, and lower attrition. Early outreach by PF offices and public communication by EPFO underscore the implementation focus and beneficiary awareness. Together, these steps are expected to lift job quality, productivity, and overall economic growth.
Why this matters for youth and businesses
For young job-seekers, Viksit Bharat Rozgar Yojana means first-time private employees can start with immediate financial support, EPFO coverage, and guided financial literacy. For employers, Viksit Bharat Rozgar Yojana lowers the marginal cost of hiring and formalizing roles—helping companies expand faster. In the medium term, Viksit Bharat Rozgar Yojana is expected to improve job stability, compliance, and inclusion, especially in manufacturing-led growth.
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